Diversified Trust Co Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Diversified Trust Co purchased a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,100 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds have also added to or reduced their stakes in YMM. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $64,000. Townsquare Capital LLC acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth $111,000. Wolverine Trading LLC bought a new stake in Full Truck Alliance in the fourth quarter valued at about $115,000. Vise Technologies Inc. acquired a new position in Full Truck Alliance in the fourth quarter valued at about $130,000. Finally, Truist Financial Corp bought a new position in Full Truck Alliance during the fourth quarter worth about $143,000. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on YMM. JPMorgan Chase & Co. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Barclays increased their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Citigroup dropped their price objective on Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Full Truck Alliance currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Full Truck Alliance Trading Down 0.2%

YMM stock opened at $11.79 on Tuesday. The stock has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $11.72. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $6.66 and a 1 year high of $13.85. The stock has a market cap of $12.33 billion, a PE ratio of 23.58 and a beta of 0.20.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.